November 21, 2024 at 07:28AM Five individuals linked to the Scattered Spider cybercrime group have been charged with phishing and stealing millions of dollars in cryptocurrency, according to a report by SecurityWeek. **Meeting Takeaways:** 1. **Charges Filed**: The U.S. has charged five individuals alleged to be members of the Scattered Spider cybercrime group. 2. **Crimes … Read more
November 21, 2024 at 05:00AM Five alleged members of the Scattered Spider cybercrime group have been indicted for targeting U.S. companies through social engineering, stealing credentials to access crypto accounts and personal data worth millions. They face multiple charges, including wire fraud and identity theft, with potential sentences of up to 27 years. ### Meeting … Read more
November 20, 2024 at 11:45AM Cybercriminals are exploiting a method called ‘Ghost Tap’ to cash out stolen credit card details via mobile payment systems, using money mules worldwide. This tactic, more sophisticated than past methods, enables remote cash outs at multiple locations, making detection difficult for financial institutions. Consumer vigilance is essential to prevent losses. … Read more
November 19, 2024 at 08:06AM iLearningEngines reported a cybersecurity incident involving the theft of $250,000 due to unauthorized access and wire misdirection. The company anticipates significant operational impacts for Q4 2024 but does not foresee long-term effects. The incident may be linked to a business email compromise scheme. No ransomware group has claimed responsibility. **Meeting … Read more
November 18, 2024 at 06:03AM A phishing campaign, attributed to a Chinese group named SilkSpecter, targets e-commerce shoppers in Europe and the U.S. ahead of Black Friday. Using fake sites mimicking brands, it aims to steal personal information and financial data through bogus discounts and SEO strategies. Victims may also face follow-up attacks. **Meeting Takeaways: … Read more
November 15, 2024 at 01:54PM The FTC reported a 50% decline in consumer complaints about unwanted telemarketing calls since 2021, with 1.1 million reports in 2023. The National Do Not Call Registry has 254 million active registrations. Key complaint categories include medical calls and imposters. Ongoing crackdowns aim to combat illegal telemarketing practices. ### Meeting … Read more
November 15, 2024 at 09:14AM Ilya Lichtenstein has been sentenced to five years in prison for stealing nearly 120,000 Bitcoin from Bitfinex in 2016, worth about $69 million at the time. He and his wife, Heather Morgan, also pleaded guilty to laundering the stolen proceeds. Their assets will be forfeited to the US government. ### … Read more
November 14, 2024 at 01:21PM Cybercriminals have exploited a technique called Sitting Ducks to hijack legitimate domains, predominantly for phishing and fraud, affecting nearly 800,000 domains in three months. Infoblox reports that 70,000 domains were hijacked, often using reputable brands, making detection difficult. This ongoing issue poses significant risks for businesses and individuals. ### Meeting … Read more
November 14, 2024 at 09:58AM Google has reported increasing scams where fraudsters use landing page cloaking to impersonate legitimate sites, manipulating users into purchasing counterfeit products. Techniques include AI-generated deepfakes and cloning legitimate apps. Google has taken action by blocking billions of scam ads and enhancing user protection through new detection features in Android apps. … Read more
November 14, 2024 at 08:54AM Two Nigerian nationals have been charged for hacking into US tax preparation companies, with one suspect located in Mexico and the other in North Dakota. The incident highlights ongoing cybersecurity threats faced by financial institutions. **Meeting Takeaways:** – Two Nigerian nationals have been charged with hacking. – One individual is … Read more